INFI-GROUPE: what changed
What changed
INFI-GROUPE
NACE 47.741, Retail sale of medical and orthopaedic goods, excluding prescription glasses and lenses
filed annual accounts (NBB)
Net result for the year
€51,308
2024 · €102,121-€50,813
Equity
€103,621
2024 · €94,606+€9,016
Cash
€169,089
2024 · €126,486+€42,603
Balance sheet total
€1.1m
2024 · €662,844+€420,043
Largest movements
Assets
- Tangible fixed assets +€312,109
up €312,109 (+67.2%), from €464,355 to €776,463
of which Land and buildings: +€308,855
- Financial fixed assets +€43,508
up €43,508 (+792%), from €5,492 to €49,000
- Cash +€42,603
up €42,603 (+33.7%), from €126,486 to €169,089
mainly Debts after one year (+€281,387) and Depreciation (+€106,345)
- Receivables within one year +€18,849
up €18,849 (+29.1%), from €64,698 to €83,548
Equity and liabilities
- Debts after one year +€281,387
up €281,387 (+90.2%), from €312,048 to €593,435
- Current portion of long-term debt +€50,939
up €50,939 (+92.1%), from €55,322 to €106,261
- Accrued charges and deferred income +€44,507
new in 2025: €44,507
- Trade debts +€33,276
up €33,276 (+344%), from €9,682 to €42,959
Income statement
- Gross operating margin -€43,079
down €43,079 (-5.9%), from €731,499 to €688,420
- Depreciation +€29,682
up €29,682 (+38.7%), from €76,662 to €106,345
- Staff costs +€10,847
up €10,847 (+2.4%), from €459,960 to €470,806
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€102,121
Gross operating margin
-€43,079
Staff costs
-€10,847
Depreciation
-€29,682
Other operating charges
+€62
Other operating items
-€1,195
Financial income
+€3,623
Financial charges
-€126
Taxes
+€2,134
Deferred taxes and other
+€28,296
Result 2025
€51,308
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€214,531
Investment
-€461,961
Financing
+€290,033
Cash 2024
€126,486
From operations (derived)
+€214,531
Net result for the year
+€51,308
Depreciation
+€106,345
Receivables within one year
-€18,849
Deferred charges and accrued income
-€2,974
Provisions
-€288
Trade debts
+€33,276
Tax, wage and social debts
-€4,827
Other debts
+€6,033
Accrued charges and deferred income
+€44,507
Investment (derived)
-€461,961
Investment in fixed assets (net)
-€461,961
Financing
+€290,033
Debts after one year
+€281,387
Current portion of long-term debt
+€50,939
Contributions, distributions and other
-€42,293
Cash 2025
€169,089
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €662,844 | €1,082,887 | +€420,043 | +63.4% |
| Fixed assets | 21/28 | €469,847 | €825,463 | +€355,617 | +75.7% |
| Tangible fixed assets | 22/27 | €464,355 | €776,463 | +€312,109 | +67.2% |
| Land and buildings | 22 | €348,067 | €656,922 | +€308,855 | +88.7% |
| Plant, machinery and equipment | 23 | €24,490 | €41,379 | +€16,890 | +69.0% |
| Furniture and vehicles | 24 | €57,089 | €54,767 | -€2,322 | -4.1% |
| Other tangible fixed assets | 26 | €34,709 | €23,395 | -€11,314 | -32.6% |
| Financial fixed assets | 28 | €5,492 | €49,000 | +€43,508 | +792% |
| Current assets | 29/58 | €192,997 | €257,424 | +€64,427 | +33.4% |
| Amounts receivable within one year | 40/41 | €64,698 | €83,548 | +€18,849 | +29.1% |
| Other amounts receivable | 41 | €64,698 | €83,548 | +€18,849 | +29.1% |
| Cash at bank and in hand | 54/58 | €126,486 | €169,089 | +€42,603 | +33.7% |
| Deferred charges and accrued income | 490/1 | €1,813 | €4,787 | +€2,974 | +164% |
| Total equity and liabilities | 10/49 | €662,844 | €1,082,887 | +€420,043 | +63.4% |
| Equity | 10/15 | €94,606 | €103,621 | +€9,016 | +9.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €85,885 | €85,021 | -€864 | -1.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €84,025 | €83,161 | -€864 | -1.0% |
| Profit (loss) carried forward | 14 | -€9,880 | €0 | +€9,880 | |
| Provisions and deferred taxes | 16 | €28,008 | €27,720 | -€288 | -1.0% |
| Deferred taxes | 168 | €28,008 | €27,720 | -€288 | -1.0% |
| Amounts payable | 17/49 | €540,230 | €951,546 | +€411,316 | +76.1% |
| Amounts payable after more than one year | 17 | €312,048 | €593,435 | +€281,387 | +90.2% |
| Financial debts | 170/4 | €312,048 | €593,435 | +€281,387 | +90.2% |
| Amounts payable within one year | 42/48 | €228,182 | €313,604 | +€85,422 | +37.4% |
| Current portion of amounts payable after more than one year | 42 | €55,322 | €106,261 | +€50,939 | +92.1% |
| Trade debts | 44 | €9,682 | €42,959 | +€33,276 | +344% |
| Suppliers | 440/4 | €9,682 | €42,959 | +€33,276 | +344% |
| Taxes, remuneration and social security | 45 | €124,312 | €119,485 | -€4,827 | -3.9% |
| Taxes | 450/3 | €73,299 | €50,799 | -€22,500 | -30.7% |
| Remuneration and social security | 454/9 | €51,012 | €68,686 | +€17,674 | +34.6% |
| Other amounts payable | 47/48 | €38,866 | €44,899 | +€6,033 | +15.5% |
| Accrued charges and deferred income | 492/3 | - | €44,507 | +€44,507 | |
| Non-recurring operating income | 76A | €129,699 | - | -€129,699 | |
| Remuneration, social security and pensions | 62 | €459,960 | €470,806 | +€10,847 | +2.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €76,662 | €106,345 | +€29,682 | +38.7% |
| Other operating charges | 640/8 | €22,810 | €22,748 | -€62 | -0.3% |
| Non-recurring operating charges | 66A | €138 | €1,333 | +€1,195 | +864% |
| Gross operating margin | 9900 | €731,499 | €688,420 | -€43,079 | -5.9% |
| Operating profit (loss) | 9901 | €171,929 | €87,188 | -€84,741 | -49.3% |
| Financial income | 75/76B | €297 | €3,920 | +€3,623 | +1,219% |
| Recurring financial income | 75 | €297 | €3,920 | +€3,623 | +1,219% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €19,441 | €19,567 | +€126 | +0.6% |
| Recurring financial charges | 65 | €19,441 | €19,567 | +€126 | +0.6% |
| Profit (loss) for the period before taxes | 9903 | €152,785 | €71,542 | -€81,243 | -53.2% |
| Transfer from deferred taxes | 780 | - | €288 | +€288 | |
| Transfer to deferred taxes | 680 | €28,008 | - | -€28,008 | |
| Income taxes | 67/77 | €22,655 | €20,521 | -€2,134 | -9.4% |
| Profit (loss) for the period | 9904 | €102,121 | €51,308 | -€50,813 | -49.8% |
| Transfer from tax-exempt reserves | 789 | - | €864 | +€864 | |
| Transfer to tax-exempt reserves | 689 | €84,025 | - | -€84,025 | |
| Profit (loss) for the period to be appropriated | 9905 | €18,096 | €52,172 | +€34,076 | +188% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.